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Fraud Prevention System

Ensuring secure transactions is crucial for any business. This infographic highlights the key components of a fraud prevention system, including Address Verification, CVV Check, PCI DSS compliance, fraud scoring, and multi-factor authentication, all designed to protect businesses from fraud. Read the whole blog to know more.

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Fraud Prevention System

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  1. FRAUD PREVENTION S Y S T E M ADDRESS VERIFICATION SYSTEM (AVS) AVS helps prevent fraud by comparing the billing and shipping addresses during payment. If there’s a mismatch, both the consumer and merchant are alerted to confirm the details, ensuring legitimate transactions are processed. CVV CHECKER & PCI DSS COMPLIANCE The CVV checker verifies card details for secure transactions, while PCI DSS compliance ensures payment data is protected throughout the process, maintaining high security standards for sensitive information. FRAUD SCORING & MULTI- FACTOR AUTHENTICATION Fraud scoring assesses transaction risk, blocking high-risk users, while multi-factor authentication adds extra security by requiring an OTP sent to the consumer’s phone, ensuring only authorized payments are processed. WWW.WEBPAYS.COM

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